Real Estate Investing in Wenatchee, Washington (98801)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98801 (Wenatchee, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Wenatchee, WA (98801)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98801 Wenatchee
ZIP 98801 in Wenatchee, WA carries a robust set of headwinds. Home values near $500K and rents of $1,732/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 98801 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within WA, ZIP 98801 trails on several market indicators that neighboring Chelan County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 98801 includes headwinds that any investor should price in. Income distribution skews lower than Wenatchee averages, and tenant stability requires active management.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Wenatchee:
Property Strategy for 98801
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $263,001 | $1,150 | 3.1% | +5.4% | $263,001 |
| 2BR | $363,733 | $1,510 | 3.0% | +6.3% | $181,867 |
| 3BR | $505,174 | $2,080 | 3.0% | +6.4% | $168,391 |
| 4BR | $611,808 | $2,530 | 3.0% | +6.4% | $152,952 |
| 5BR | $672,855 | — | — | +6.3% | $134,571 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98801 Compare?
| Metric | 98801 | Wenatchee | Wenatchee, WA | Washington |
|---|---|---|---|---|
| Home Value | $499,886 | $499,886 | N/A | $591,536 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 5.9% |
| Avg Rent | $1,732 | $1,732 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98801 (Wenatchee, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $499,886 |
| Monthly Rent | $1,732 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 98801
Population: 44,422
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 98801
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,302 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strict are landlord regulations in Wenatchee, WA?
For rental operators, Wenatchee, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How does Wenatchee, WA rate as a rental market?
Investors tracking Wenatchee, WA will find a 3.0/5 rating supported by $500K median home values and $1,732/mo rents. That profile suits long-term holders targeting steady returns.
What kind of tenants rent in Wenatchee, WA?
The renter base in Wenatchee, WA is reasonable for the $1,732/mo price point. Screening well and pricing to market typically yields measured tenants.
Where do rents currently stand in Wenatchee, WA?
Rent in Wenatchee, WA is around $1,732/mo. The resulting rent-to-value relationship with $500K pricing is reasonable for most investor models.
What is the average home sale price in Wenatchee, WA?
Wenatchee, WA median home values land near $500K. That is reasonable territory for investors looking at $1,732/mo-per-month rentals.
You know 98801 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98801 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 98801 ranks in Wenatchee, WA
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